The Impact of Migrant Workers' Job Choices on Their Families' Well-being

In recent years, China has been promoting entrepreneurship and innovation among migrant workers. This has led many to consider starting businesses in their hometowns or moving back to their registered communities for work. But does this choice affect their families' living standards? Let's dive into the details. First, let's talk about income. Migrant workers who decide to start their own businesses see a significant boost in their household income. We're talking about a 25. 71% increase compared to those who are employed. Plus, their per capita consumption expenditure goes up by 19. 05%. This means they have more money to spend on daily needs and wants. Now, let's not forget about how they feel. Starting a business also enhances their subjective perception of living standards by 41. 27%. This means they feel better about their financial situation. But it's not just about starting a business anywhere. Starting a business in the hometown has the highest income effect and increases per capita consumption expenditure the most. However, if you're looking to feel better about your living standards, local entrepreneurship seems to be the way to go. Interestingly, the impact isn't the same for everyone. Factors like the gender, age, and whether the household head is the main breadwinner all play a role in how much these choices affect family living standards. This study, based on data from the China Household Income Project (CHIP), used various analyses to come to these conclusions. It's crucial information for both policymakers and families trying to make the best decisions for their futures.